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Mumbai, Nov 26 Kotak Mahindra Asset Management Company has launched Kotak Indo World Infrastructure Fund. The NFO will be open from November 27 to December 22. It is a three-year closed-ended equity fund. The scheme seeks to generate long-term capital appreciation from a portfolio of equity, equity related securities or units of overseas mutual funds, which are likely to contribute to the growth in infrastructure across the world. The fund will primarily have a bottom up approach following a growth style to identify and create a diversified portfolio of companies, which present the most attractive investment opportunity. Within each sector, individual stocks would be identified based on their present status and future earnings potential to provide investors with an optimum risk adjusted long-term return.

The fund will invest in securities in India related to infrastructure between 65 per cent and 90 per cent of the corpus. The fund will be benchmarked against the S&P CNX Nifty to the extent of 65 per cent of the portfolio and MSCI World Index to the extent of 35 per cent of the portfolio. The minimum amount for investment is Rs 5,000 each and in multiples of Re 1 thereafter for both dividend and growth options. In case of investors opting to switch into the scheme from existing schemes of the fund during NFO, the minimum amount is Rs 5,000 and in multiples of Re 0.01 thereafter.

The investment options include growth, dividend reinvestment and dividend payout.

More Stories on : New Fund Offer | Infrastructure

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